Stop letting foreigners buy US real estate.
“Yan says places like Hong Kong and Singapore use much higher taxes and rigid buyer restrictions to cool prices.”
“He credits Singapore’s success to aggressive speculation taxes — 60 per cent compared to B.C.’s 25 per cent — and the use of those taxes to create robust public housing stocks.”
“Singapore’s housing is 80 per cent public, compared to Canada’s, which sits at about 5.5 percent, according federal housing data.”
That, too.
Also, non groups like Blackrock, buying property up for rental purposes. Sell only to actual people looking to buy a home.